Retired participants and dependents are not eligible for the life insurance benefit from the Welfare Fund. When a retiree loses eligibility under the Active Plan of benefits, group life insurance coverage through the Aetna Life Insurance Company terminates.

The participant or dependent may then, by making application, convert the group life insurance to an individual self-pay life insurance policy with Aetna Life Insurance Company. This individual policy will be issued without medical examination at the insurance company’s regular rates. If you desire this conversion policy you must obtain an application form and file it in accordance with the instructions within 31 days after "Active" eligibility termination.

(If your death should occur within 31 days after termination of “Active” Welfare Fund eligibility, the benefit will still be payable.)

The conversion privilege means that Aetna has to accept you for this life insurance regardless of your medical history or condition. You can convert all of the existing life insurance or any part of it, in increments of $1,000, up to the maximum of $50,000.

Application forms for the conversion policy can be obtained from the Health Benefits Dept. at the Fund Office (312-787-9455, phone option 3).

Disability Death Benefit Extension (for Participants only)If you become totally and permanently disabled while you are eligible for the life insurance benefit and before you reach age 60, the Fund will continue your life insurance benefit by paying the required premium as long as you remain disabled and the group policy remains in force, provided proof of disability are furnished as required. The first proof of disability should be filed with the Fund Office, Attn: Health Benefits Dept., within three (3) months after loss of eligibility. Subsequent proof of disability may be required. In the event the group policy is discontinued, your life insurance benefit will terminate.

In no event will an extension of the death benefit be granted unless an application for the extension is filed within one year after loss of eligibility. Applying or qualifying for a disability benefit with the Pension Fund does not constitute application for this Disability Death Benefit extension. A separate application with the Welfare Fund is required.

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